Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Integral Systems, Inc. in Connection with...
May 17 2011 - 9:15PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Integral Systems, Inc. (“Integral” or the “Company”) (NASDAQ: ISYS)
related to the Company’s agreement to be acquired by Kratos Defense
& Security Solutions, Inc. (“Kratos”) in a proposed transaction
where Integral shareholders will receive $5.00 in stock and 0.588
shares of Kratos common stock for each share of Integral common
stock held. The transaction is valued at approximately $266 million
or $13.00 per Integral share.
The investigation concerns whether the board of directors of
Integral breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction.
Specifically, the Company has seen substantial growth over the past
year and the offer price represents no premium to Integral’s
closing price of $13.01 on May 13, 2011.
If you are a shareholder of Integral, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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